MARGOZ

Active

Public limited companyfounded 20242 yrs activePlace de St Symphorien 24, 7030 Mons, BelgiumKBO/BCE: BE 1005.847.438

The computed 12-month bankruptcy probability of MARGOZ is 2.5% (moderate). The 2025 annual accounts show negative equity (€-6k) and a net result of €-50k. Its solvency ranks better than 9% of 637 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

36 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability30▼-10

Solvency24▼-5

Growth32

Track record82

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.21 against 0.37 in 2024; short-term debt: 49% and cash: 0.7% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 10

Relative position

BE, all sectors

reference

Sector 10

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

-0.7%

Return on assets

-5.6%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

2425

2024 to 2025 · latest year €-6k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

17 d early

2024

on the day

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-50k▼ 190%

2024 · €-17k

2024: €-17k

2024 → 2025

Working capital

€-343k▼ 36.2%

2024 · €-252k

2024: €-252k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€44k-€-6k

Operating result€1k-€-32k

Net result€-17k-€-50k▼ 190%

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €32k after €1k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €873k

89.3%

11%

Fixed assets €780k▼ 6.1%

Current assets €94k▼ 36.1%

Key figures and ratios

2025 value · change against 2024

EBITDA

€49k▲

2024 · €39k

Cash flow

€31k▲

2024 · €20k

Solvency

-0.7%▼

2024 · 4.4%

Current ratio

0.21▼

2024 · 0.37

Quick ratio

0.19▼

2024 · 0.34

ROA

-5.6%▼

2024 · -1.7%

Interest coverage

2.14▼

2024 · 2.84

Debt

€898k▼

2024 · €956k

Debt ≤ 1 year

€437k▲

2024 · €399k

Debt > 1 year

€460k▼

2024 · €546k

Income taxes

€-5k▼

2024 · €5k

Staff costs

€370k▲

2024 · €191k

A ratio outside any meaningful range has been withheld (balance sheet total €892k, equity €-6k).

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€1,000k€892k▼

Formation expenses20€22k€19k▼

Fixed assets21/28€831k€780k▼

Tangible fixed assets22/27€831k€780k▼

Plant, machinery and equipment23€225k€261k▲

Furniture and vehicles24-€8k

Other tangible fixed assets26€605k€512k▼

Current assets29/58€147k€94k▼

Stocks and contracts in progress3€11k€12k▲

Stocks30/36€11k€12k▲

Amounts receivable within one year40/41€128k€70k▼

Trade receivables40€39k€28k▼

Other amounts receivable41€89k€42k▼

Cash at bank and in hand54/58€4k€6k▲

Deferred charges and accrued income490/1€4k€5k▲

Equity and liabilities

Total equity and liabilities10/49€1,000k€892k▼

Equity10/15€44k€-6k▼

Contributions10/11€62k€62k=

Capital10€62k€62k=

Issued capital100€62k€62k=

Profit (loss) carried forward14€-17k€-68k▼

Amounts payable17/49€956k€898k▼

Amounts payable after more than one year17€546k€460k▼

Financial debts170/4€546k€460k▼

Amounts payable within one year42/48€399k€437k▲

Current portion of amounts payable after more than one year42€83k€87k▲

Trade debts44€75k€60k▼

Suppliers440/4€75k€60k▼

Taxes, remuneration and social security45€37k€41k▲

Taxes450/3€119€3k▲

Remuneration and social security454/9€36k€38k▲

Other amounts payable47/48€204k€250k▲

Accrued charges and deferred income492/3€11k€1k▼

Income statement Code20242025

Non-recurring operating income76A€1k€1k▼

Remuneration, social security and pensions62€191k€370k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€81k▲

Other operating charges640/8€2k€940▼

Non-recurring operating charges66A€6k€34k▲

Gross operating margin9900€238k€454k▲

Operating profit (loss)9901€1k€-32k▼

Financial charges65/66B€14k€23k▲

Recurring financial charges65€14k€23k▲

Profit (loss) for the period before taxes9903€-12k€-55k▼

Income taxes67/77€5k€-5k▼

Profit (loss) for the period9904€-17k€-50k▼

Profit (loss) for the period to be appropriated9905€-17k€-50k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-17k€-68k▼

Profit (loss) brought forward from the previous period14P-€-17k

Social balance

Average headcount (FTE)90879.69.8▲

The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

14-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

NBB filing

Directors · office · real estate

Directors

1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Mons · 1 establishment unit since 2024

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Place de St Symphorien 247030 Mons

Ground area

1,035 m²

Building footprint

213 m²

Volume, LiDAR

894 m³

Parcel 56352A0005/00V040, Wallonia · tallest building 5.6 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

MARGOZ

Rue des Renards(GOZ) 2A, 6534 ThuinLimited-service restaurants

since 20242.358.449.882

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
56352A0005/00V040	Wallonia	1,035 m²	1 · 213 m²	5.6 m · 1 fl.

Linked by address, not proof of ownership

Methodology

via establishment units: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site · 1 with a smiley

Thuin2.358.449.882

2 permissions · smiley 2028FR00069 valid until 29-03-2028

Toelating · Bakkerij · since 26-06-2024

Toelating · Eetgelegenheid · since 26-06-2024

Similar companies · same sector, comparable size

Sint-Jans-Molenbeek · Eq €44k

Mont-Saint-Guibert · Eq €44k

Of 4,229 companies in sector 10712 we hold annual accounts for 1,870. 1,505 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded09-02-2024

Fiscal year end31-12

Activities, NACEBEL

10712Artisanal bread and fresh pastry making

47241Retail sale of bread and pastry (bakery outlets)

56102Limited-service restaurants

56112Limited-service restaurants, excluding mobile food services

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.